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Delcam delivers record annual results

UK software company Delcam delivered its best-ever annual results driven by strong sales across the US, Far East and Europe.

UK software company Delcam delivered its best-ever annual results driven by strong sales across the US, Far East and Europe.

Sales for 2012 came to £47.1m, a 12% increase from £41.9m the prior year, boosted by revenues from software licences which jumped 16% to £24.5m.

Pre-tax profit grew by 54% to £5.1m, compared to £3.3m in 2011. Basic earnings per share climbed 65% to 58.2p from 35.3p.

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"These results are Delcam's best ever and the sales trend is especially encouraging, with new sales records achieved in each of the last six half year periods," said Chairman, Peter Miles.

"Our continued progress in 2012 was very encouraging, especially given the levels of financial uncertainty which affected sentiment for investment in many of our important markets."

The company - which services aerospace, automotive, footwear, medical and dental, toy and sports equipment sectors - proposed a final dividend of 7.0p per share, bringing the total to 9.5p, a 36% increase.

Delcam's main market continued to be the automotive and aerospace industries.

Revenues from Europe accounted for 51% of group sales, with 25% coming from Asia, and 24% from the Americas.

"Given the positive start to the year, we expect Delcam to make further good progress in 2013," Miles concluded.

Shares rose 0.34% to 1,467.50p at 13:58 Tuesday.

RD

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